Guiding Principles
The following guiding principles set the direction for the Budget Reform effort and served as the project’s north star throughout design, implementation, and long-term stewardship of the budget model.
- Reflect Values and Realize Vision: Reflect the Institute’s values and realize its vision.
- Be Transparent: Establish common understanding and visibility into sources and uses of funds.
- Keep it Simple: Create a model that is easy to use and interpret and incentivizes leaders to focus on the highest valued activities.
- Promote Accountability: Empower people-centered, value-based, and data-informed decision-making commensurate with responsibility.
- Balance Predictability and Flexibility: Enable predictable, forward-looking financial planning, while balancing the needs of a comprehensive research institute.
- Reward Innovation: Celebrate and incentivize collaboration and innovation in all that we do – revenue creation and expense containment.